Proficio Capital Partners LLC Buys New Shares in Tejon Ranch Co. (NYSE:TRC)

Proficio Capital Partners LLC purchased a new position in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,637 shares of the real estate development and agribusiness company's stock, valued at approximately $312,000. Proficio Capital Partners LLC owned about 0.07% of Tejon Ranch as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TRC. Geode Capital Management LLC boosted its holdings in shares of Tejon Ranch by 0.8% in the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company's stock valued at $9,444,000 after acquiring an additional 4,247 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tejon Ranch by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 195,879 shares of the real estate development and agribusiness company's stock valued at $3,114,000 after buying an additional 1,409 shares during the period. Levin Capital Strategies L.P. boosted its stake in shares of Tejon Ranch by 11.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company's stock valued at $1,123,000 after buying an additional 7,422 shares in the last quarter. Barclays PLC grew its holdings in Tejon Ranch by 298.1% during the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company's stock worth $563,000 after acquiring an additional 24,015 shares during the period. Finally, SG Americas Securities LLC raised its position in Tejon Ranch by 30.3% in the fourth quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company's stock worth $302,000 after acquiring an additional 4,424 shares in the last quarter. 60.63% of the stock is owned by institutional investors and hedge funds.

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Tejon Ranch Price Performance

Shares of TRC stock traded down $0.24 during midday trading on Friday, reaching $16.24. 21,754 shares of the company traded hands, compared to its average volume of 90,698. The firm has a market cap of $436.01 million, a PE ratio of -1,625,000.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The firm's 50 day simple moving average is $15.94 and its two-hundred day simple moving average is $16.22. Tejon Ranch Co. has a 1-year low of $14.71 and a 1-year high of $19.82.

Tejon Ranch (NYSE:TRC - Get Free Report) last posted its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The firm had revenue of $17.94 million during the quarter, compared to the consensus estimate of $15.53 million. On average, equities research analysts expect that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a research report on Wednesday, March 5th.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.